LoanTap announces strategic collaboration with Muthoot Finance

By Leandra Monteiro

A digital lending FinTech platform, LoanTap, has announced a business collaboration with Muthoot Finance. This co-lending partnership will enhance the reach of Muthoot finance to the millennial audience by leveraging LoanTap’s technology and sourcing strength. Apart from the partnership with Muthoot Finance, the lending company is already working in collaboration with many other RBI-registered NBFCs in a co-lending model for the salaried and MSME segments.

Ashish Jain, CFO of LoanTap said, “With this co-lending partnership, LoanTap shall be able to further capitalise it’s reach to millions of customers and provide them seamless digital onboarding experience. This partnership will bring lot of synergy and with LoanTap’s focused business approach along with superior technology platform, we are confident to achieve higher business volumes”.

S G Mahesh, Business Head – Unsecured Loans of Muthoot Finance Group said, “Through this partnership, we will be able to service more customers especially the millennial crowd through LoanTap’s quick and simple platform and offer hassle-free personal loans to them.”

LoanTap offers innovative loans to help millennials achieve the life that they desire. It differentiates in the otherwise cluttered Personal Loan segment and aims to deliver the fastest Personal Loans at customer-friendly terms. LoanTap has in-house RBI registered NBFC.